<ul><li>Nirmal Bang maintains a positive outlook on the defence sector, highlighting the ongoing efforts towards indigenization, a strong order pipeline, and significant growth potential.</li><li>The defence sector in India aims to achieve Rs 3 trillion in defence output by 2029, reinforcing its position as a prominent global defence manufacturing center.</li><li>The sector is experiencing positive momentum due to factors like heightened emphasis on indigenisation and 'Atmanirbhar Bharat' initiatives, increased defence budget allocations, escalating geopolitical tensions, an expanding indigenisation list, and investments in advanced technologies.</li><li>Solar Industries is among the top picks in the defense sector.</li></ul>

Defence Sector Q4 Results Preview: To Be A Mixed Bag, Projects Nirmal Bang; Solar Industries Among Top Picks

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